An earlier version of this article incorrectly stated that the clone company’s name is Go Markets UK Trading Limited, which has been factually incorrect. The above mentioned company is actually licensed by the FCA and is fully compliant with existing rules and regulations in the United Kingdom and the European Union. Finance Magnates apologizes for any inconvenience caused by the publication.
The UK’s Financial Conduct Authority (FCA) has unmasked yet another fraudulent entity, this time bringing to light a clone of GO Markets UK, which had been operating illegally. The regulator has uncovered the fraudulent firm which has not been authorized by any financial regulatory authority.
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The original license holder, Go Markets UK Trading Limited, has been serving its clients diligently for a number of years and has recently announced that it is going to rebrand to INFINOX CAPITAL LTD. The move will take place on July the 18th. The firm will focus on maintaining the high quality of the offering with even more emphasis on important trading tools, education, and customer service.
According to Robert Berkeley CEO of Go Markets, “Over the last 7 years we have built a Forex broker based on trust and integrity, and are proud of our achievements as an FCA regulated business. The FCA are a central part to ensuring that market participants in the industry are protected from fraudulent and unfair practices. Therefore, we are grateful to the FCA for acting on our information regarding individuals that pretended to be GO Markets UK.
“We are now embarking on an exciting new future to create a global brand – INFINOX. This will allow us to develop on our experience and talent to continue to offer market leading technology and personal relationships to the industry.”